: :inin Kyiv (EET)

Ukraine’s energy minister: “Crimean” contract with Russia may be terminated


Energy and coal industry minister of Ukraine Volodymyr Demchyshyn admits that the contract, concluded on December 30, 2014 between the state enterprise Ukrinterenerho and the Russian company Inter RAO on electricity imports from Russia to Ukraine, may be terminated.
“The contract was signed by the Ukrinterenerho. There are certain difficulties, but basically … if the price is not favorable to us, then we do not buy it, that’s all … Ukraine can refuse. We agree on the schedule of supplies [of electricity from Russia to Ukraine]. These supplies must be affirmed every month, every day, two days in advance. Therefore, given that we coordinate all these schedules, we have the opportunity to influence the situation. If the price changes, we simply cease to deliver,” Demchyshyn told RBC-Ukraine.
According to him, at the moment the price of electricity from Russia to Ukraine “is a few kopiykas below from what we expected.”
As for Russian penalties against Ukraine, in case of limited supply of electricity from Ukraine to Crimea, then, according to the minister, they are unlikely to be applied.
Demchyshyn added that if the electricity supply schedule is agreed upon, but Russia fails to comply with it, Ukraine will terminate the contract.
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